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IB interactivebrokers.com - how is your experience?

  • #61
  • Mar 9, 2011 10:42am Mar 9, 2011 10:42am
Quoting roughtrader
Hi! thanks for the reply
but Im sorry but I just can't agree,
just because a broker have a higher minimum deposits amount,
doesnt mean he is more reliable than brokers offering less,
it could just as well be that he want to steal more money from you, LOL
ofcource if 10000 dollars is pocket money for you this is not a concern,
but there is a lot of people out there, including me, 1 year ago,
which are interested to start with forex but they doesn't have so much money,
so it certanly wasn't a good sign to me,
I would say this probably goes for...
Ok if you can't come up with the required min. account balance to open up an account with IB, that's fine. There are plenty of brokers out there that require lot less to open accounts with and they are happy to have you as a client. Give them a try if you feel you are ready.

I thought this thread is about how trading with IB is like. Why are we hung up just on min. account balance requirement? Their min. account balance requirement is just what they have decided as the most profitable way for them to do business. They are NOT going to change that just because some traders cannot come up with that amount of money.

And besides, when you are trading, the min. account balance should be the LEAST of your worries. There are far bigger and important things that you should worry and take care instead of min. account balance.

Peace!
Make your losses in demo. Earn your profits live.
  • #62
  • Mar 9, 2011 3:10pm Mar 9, 2011 3:10pm
Anyone know if all the order processing available as standard in Ninja Trader 7 works well with the IB trade servers? I'm thinking of the NT 'Advance Trade Management' facilities like Auto Breakeven and Auto Trail?

Max
  • #63
  • Mar 17, 2011 5:35pm Mar 17, 2011 5:35pm
I got a question regarding stop and take profit orders with them. I watched a webinar where they walk you through the trading platform, bracket orders etc.

My question is: Are the SL/TP orders saved on their server? So say, if my computer crashes or my internet breaks down, will my stop still get executed?
  • #64
  • Mar 17, 2011 5:48pm Mar 17, 2011 5:48pm
Quoting taub
I got a question regarding stop and take profit orders with them. I watched a webinar where they walk you through the trading platform, bracket orders etc.

My question is: Are the SL/TP orders saved on their server? So say, if my computer crashes or my internet breaks down, will my stop still get executed?
They absolutely should be - any serious platform would function that way.

I am unaware of a platform that depends on the client to issue the SL/TP command in realtime - that would be a joke.
  • #65
  • Mar 18, 2011 4:59am Mar 18, 2011 4:59am
Taub - I believe some MT4 'Expert Advisor' add-ons hold the orders on your PC rather than the broker trade servers. You'll see MT4 add-on adverts which say 'Hide your stops from your broker' - well, that's done by keeping the stop on your PC - so, no power/no connection, no stop - good professional trading practice, eh? But you won't be using MT4 with IB, so that's not an issue

Some trading platforms support 'synthetic' orders which are held on your PC and can be lost if you switch off or lose the connection. Somewhere in the mighty IB support data base you'll find a run-down of Order Types. If any of their many available order types are synthetic, they should tell you, but so far as I'm aware, none of the common order types are.

Max
  • #66
  • Mar 18, 2011 9:32am Mar 18, 2011 9:32am
IB orders are stored on IB Server.

But I think that during the 15min server servise checks (2200-2215 GMT) the orders saved on servers are not executed.
  • #67
  • Mar 18, 2011 9:36am Mar 18, 2011 9:36am
If that was the case, would any pair on IDEALPRO show a 15 min gap on 1 min charts every night, taking as read that IDEALPRO is just IB?

Max
  • #68
  • Last Post: Nov 4, 2011 12:37am Nov 4, 2011 12:37am
I trade forex with Interactive Brokers & NinjaTrader, great combo

http://img855.imageshack.us/img855/3...invsrenko2.jpg
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